Listing by: Scott Norberg, Vylla Home, Inc.
7 Beds
7 Baths
2,703 SqFt
Active
Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! - This is a 6.84% Cap Rate!!!) This beautifully renovated triplex is a rare find, offering both immediate rental income and future development possibilities. Each of the three fully self-contained units is turnkey and ready for occupancy, making this property perfect for investors or multi-generational living. Unit 1 is a spacious 1,527 sq. ft. home featuring 4 bedrooms, 2.5 bathrooms, a cozy fireplace, and a laundry room. Unit 2 is an 845 sq. ft. unit with 2 bedrooms, 2 bathrooms, a fireplace, laundry, and brand-new kitchen appliances. Unit 3 is a 331 sq. ft. studio with a gas range, refrigerator, and microwave, perfect for rental or guest use. One of the key highlights of this property is its pre-plumbed, pre-wired, and sewered additional RV spaces—offering a unique opportunity to expand or add value. With the infrastructure already in place, you can easily enhance the property’s income potential. Enjoy a fenced-in inground pool for privacy and relaxation, with a convenient pool bath included. Located on a hill with great views, this property is a prime investment. Whether you're looking for a rental income machine or a flexible living arrangement, this triplex has it all! Please also note the following items: 1) All offers must be submitted by the buyer's agent via PropOffers (Contact Listing Agent for instructions/questions) 2) The buyer's agent will be responsible for a $150 fee at the time of closing, for the use of PropOffers. 3) Buyer to do their own due diligence. All recent work was permitted.
Property Details | ||
---|---|---|
Price | $1,499,900 | |
Bedrooms | 7 | |
Full Baths | 5 | |
Half Baths | 2 | |
Total Baths | 7 | |
Property Style | Traditional | |
Lot Size | 64x210 | |
Lot Size Area | 13696 | |
Lot Size Area Units | Square Feet | |
Acres | 0.3144 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 2 | |
Year Built | 1966 | |
Subdivision | Lemon Grove | |
View | Mountain(s) | |
Roof | Composition,Shingle | |
Heating | Electric,Forced Air | |
Laundry Features | Electric Dryer Hookup,Washer Hookup,Gas & Electric Dryer Hookup,Individual Room,Inside | |
Pool features | In Ground,Private,Fenced,Pool Cover | |
Parking Description | Driveway,Other | |
Parking Spaces | 13 | |
Garage spaces | 0 | |
Geographic Data | ||
Directions | From State Route 125, head east on Jamacha Rd. Turn left heading north on Sweetwater Rd for 0.7 miles. Turn left onto Blossum Lane. Take Blossum Lane 0.5 miles to Washington St. Turn Right on Washington St heading north for 0.1 miles. 1908 Washington St is on your left. Cross Street: Alton Dr. | |
County | San Diego | |
Latitude | 32.72620333 | |
Longitude | -117.02374459 | |
Market Area | 91945 - Lemon Grove | |
Address Information | ||
Address | 1908 Washington St, Lemon Grove, CA 91945 | |
Postal Code | 91945 | |
City | Lemon Grove | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Vylla Home, Inc. | |
Listing Agent | Scott Norberg | |
Virtual Tour URL | https://www.propertypanorama.com/instaview/snd/240023365 | |
MLS Information | ||
Days on market | 55 | |
MLS Status | Active | |
Listing Date | Oct 2, 2024 | |
Listing Last Modified | Nov 26, 2024 | |
Tax ID | 5771412700 | |
MLS Area | 91945 - Lemon Grove | |
MLS # | 240023365SD |
This information is believed to be accurate, but without any warranty.